The Community Development Block Grant (CDBG) program is the federal government’s primary program for promoting community revitalization. CDBG provides annual grants on a formula basis to Anoka County.
The CDBG program has three national objectives:
Benefit low and moderate income persons
Aid in the prevention or elimination of slums or blight
Meet community needs that present a serious or immediate threat to the health or welfare of the community
The HOME Investment Partnerships Program (HOME) provides formula grants to localities to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
HOME program funds are awarded annually as formula grants to participating jurisdictions.The program’s flexibility allows local governments to use HOME funds for grants, direct loans or loan guarantees.
The program was designed to reinforce several important values and principles of community development:
HOME's flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.
HOME's emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing.
HOME's technical assistance activities and set-aside for qualified community-based nonprofit housing groups builds the capacity of these partners.
HOME's requirement that participating jurisdictions match 25 cents of every dollar in program funds mobilizes community resources in support of affordable housing.